The AFIP has confirmed this will maintain the ceiling within which banks have to declare expenditure equal to or greater than $30,000 with debit card and $90,000 with credit. In this way, financial institutions must continue to provide data on the consumption of most card users, despite the obsolete of the amounts due to the increase in inflation.
“Last update was in January of last year, we will not update it“, AFIP sources said after the controversy on social networks for the alleged $30,000 checks. The agency recognizes that threshold for financial institutions to report It’s short” and it is outdated, but They have denied that they will oversee all these cases.
With resolution 5138, the management of Mercedes Marcó del Pont has updated in January 2022 the limits of $10,000 to $30,000 for debit cards and $30,000 to $90,000 for credit cards. Authorities say the amounts are up to date once a yearwhile specialists say that there is no deadline and that the changes are insufficient.
“They don’t have an automatic update for inflation, if they don’t adjust they are obsolete. banks must declare equal or higher consumption. And even if they update it for inflation, it would go to $60,000, it’s not even that much,” said tax official Sebastián Domínguez.
With their tax code, taxpayers can access their card expenses through the application Our share on the AFIP website. For the authorities, the current surveillance threshold allows them to issue “alerts” in suspicious cases. For there to be a check, however, you’d have to do a crossing or inspection of the data, which “it’s not very common”according to Dominguez.
A recent study by the chamber that brings together credit cards (Atacyc) reveals, on the basis of its own data and that of the Central Bank, that there are 18 million credit cardswhich reflects a decline of 3.7 million cards from 2018. Of that total, More than 75% of users exceed the amount of spending with plastic examined by the AFIPaccording to banking sector data.
According to the BCRA, $940 million in transactions with a debit card and $976 million with a credit card were recorded in January, representing a real decline of 2% year-over-year and 8.3% , in both cases. Given the nominal amount of credit card transactions and the number of users estimated by Atacyc, the average deal would be around $54,000.
The regulations indicate that entities must report the accumulated amount of monthly plastic credits in pesos or foreign currency according to consumption in the country. Both the cardholder’s card and/or additional cards are considered, excluding amounts withdrawn in cash and any other quantity that does not involve consumption.
“For banks to have to report transactions over $30,000 a month seems ludicrous, since it can reach anyone and cardholder and additional debit cards are expected. In March, pension payers will receive nearly $60,000, the double the amount involved,” said Micaela Sánchez, analyst at Expansión Argentina.
In this sense, the specialist pointed out, “if we take into account that the last change regarding the amount of monthly transactions to be reported was approved in 2022 and that the accumulated inflation is around 100%, it is clear that the 30,000 dollars are currently totally expired.”
Source: Clarin
